This month Park Avenue Realty will set a new president; we will be completing the first sale of a mobile home. This sale has been a very interesting process as it does not conform to normal home selling procedures. There is no contract, traditional financing, home inspection and closing. The sale is based on a letter of intent to purchase and then proceeds to sell like an automobile. The seller signs the title over to the new owner and then the new owner goes to Division of Motor Vehicles to register the home in their name and pay the necessary fees.
The agent who accepted this listing was Stephen Kriso and it came in as a regular phone call. The owner had been calling around looking for an agency to take the listing since she was alone and preferred not to have to take the risk of doing a “For Sale by Owner.” “It has been a very interesting experience.”, said Kriso.